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Invest in Your Business Future with Our Small 8631 Martin Luther King Jr Blvd 2,912 SF 100% Leased Retail Building Houston, TX 77033 $488,572 CAD ($167.78 CAD/SF) 7% Cap Rate

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INVESTMENT HIGHLIGHTS

  • This property is listed below its appraised value, making it an exceptional investment opportunity you won’t want to miss.
  • More room for improvement or development project.
  • Good entries to Houston central, 610 and i45.

EXECUTIVE SUMMARY

This property is listed below its appraised value, making it an exceptional investment opportunity you won’t want to miss.
We present to you an outstanding investment prospect: a strategically located building that promises both immediate returns and long-term appreciation. This is your chance to step into a lucrative venture in the Southeast Houston, where possibilities abound. There are upside potentials: Capitalize on the neighborhood's upward trajectory with planned developments and infrastructure projects set to enhance property values; Take advantage of the building's potential for future expansion or improvement, adding significant value to your investment.

ATTACHMENTS

Appraised

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Building Size
2,912 SF
Building Class
C
Year Built
1959
Price
$488,572 CAD
Price Per SF
$167.78 CAD
Cap Rate
7%
NOI
$34,215 CAD
Percent Leased
100%
Building Height
1 Story
Building FAR
0.18
Lot Size
0.38 AC

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
0470560000009
Land Assessment
$303,357 CAD
Improvements Assessment
$224,011 CAD
Total Assessment
$527,368 CAD
  • Listing ID: 30556421

  • Date on Market: 2024-01-06

  • Last Updated:

  • Address: 8631 Martin Luther King Jr Blvd, Houston, TX 77033

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